The companies will be shut by early January. Joint Chinese and North Korean ventures will also be forced to close. China, Pyongyang's only major ally, has already banned textile trade and limited oil exports. The move is part of an international response to North Korea's sixth and most powerful nuclear test. The UN Security Council, of which China is a member, voted unanimously for fresh sanctions on 11 September. China's commerce ministry said it had set a deadline of 120 days from the passing of the resolution for any North Korean companies within its borders to close. North Korea is politically and economically isolated, and the vast majority of its trade is with China. Beijing has traditionally been protective of its neighbour, but has sharply criticised its nuclear tests and escalating rhetoric. Earlier this year, it clamped down on its purchase of coal from Pyongyang and on seafood and iron trade across the border. Coupled with the textile trade ban, North Korea has lost several of its scant sources of foreign currency income. Beijing has been under public pressure to take action from US President Donald Trump, who has both applauded and denounced Chinese policy at different times. China To Shut Down North Korea Companies By Unknown Thursday, September 28, 2017 Share Tweet Share Share Email The companies will be shut by early January. Joint Chinese and North Korean ventures will also be forced to close. China, Pyongyang's only major ally, has already banned textile trade and limited oil exports. The move is part of an international response to North Korea's sixth and most powerful nuclear test. The UN Security Council, of which China is a member, voted unanimously for fresh sanctions on 11 September. China's commerce ministry said it had set a deadline of 120 days from the passing of the resolution for any North Korean companies within its borders to close. North Korea is politically and economically isolated, and the vast majority of its trade is with China. Beijing has traditionally been protective of its neighbour, but has sharply criticised its nuclear tests and escalating rhetoric. Earlier this year, it clamped down on its purchase of coal from Pyongyang and on seafood and iron trade across the border. Coupled with the textile trade ban, North Korea has lost several of its scant sources of foreign currency income. Beijing has been under public pressure to take action from US President Donald Trump, who has both applauded and denounced Chinese policy at different times. No comments Comment Here
